Don961: Parliament decides to host Ebadi and the Ministers of Finance, Trade and Central Bank Governor

Thu, 18 Aug 2016 10:21:38 Observer news / Baghdad ,

Chairman of the Committee on Agriculture, Water and marshes Algnapeh, Firat Altmima, revealed today Alkhamis, for approval Alnwab, Council to host Prime Wazzra, Council Haider Abadi , finance, trade and the ministers and the Governor of Bank Antrza, to know the reasons for the delay dues Almzaraein, Exchange warning of the failure of one of them all to come to the meeting , which did not announce the time.

he Altmima, that "the House of Representatives agreed to host Prime Minister Haider al - Abadi financial, trade and central bank governor and the ministers in a single session to learn the reasons for the choice of farmers dues exchange , " noting that "the House of Representatives Select formerly deadline for thegovernment of ten days to pay the dues of farmers and Almzaraein, but thegovernment has not paid their dues. "

He added that" the government is represented by its president of finance, trade and the ministers and the Governor of Bank Antrza, have not honored their commitments they made in the budget in the second paragraph, which states pay the dues of farmers , "warning of" the failure of one of them all attend the hearing because it will lead to a failure to address the crisis. "

he Altmima, that" the meeting will be open to inform people and slice peasants for reasons stumbled pay financial dues , "explaining that" the Committee pending theappointment by the presidency after addressing the government. "

and gave the Committee on Agriculture and water Algnapeh, Thursday (July 28), the government and the authorities responsible for paying the dues of farmers to pay 10 Ayam, Almsthakat, threatened to question the officials in the event of non -payment of the end of the deadline.

In a bleak new letter to investors, Paul Singer's Elliott Management warns that the bond market is "broken" and that when the central bank actions of recent years no longer ward off a market downturn, the subsequent loss of confidence could be severe.

The fund's recent investor letter, which covers the second quarter, notes that Elliott's managers are currently seeing "what is in many ways the most peculiar period we have faced in 39 years."

Too much power has been ceded to central banks, the letter adds, the value of money has been debased, inflation is probably inevitable, and when it happens, it could be swift and impossible to tamp down.

Elliott is a $28 billion fund founded in 1977 by Singer, now its president. The fund is up more than 6 percent for the year through July, according to an investor.

Given the persistence of low or negative yields on government and other bonds and the continued stampede to buy them nonetheless, today's environment marks "the biggest bond bubble in world history," and "the global bond market is broken," the investor letter states.

The letter discusses, at some length, the oddity of an investor mentality that flies to an asset class regarded as a "safe haven" even when there are low or nonexistent returns attached to it and no guarantee that current conditions will persist.

In one wry aside, the letter suggests a safety warning be attached to the $12 trillion government bond market now trading at negative yields: "Hold such instruments at your own risk; danger of serious injury or death to your capital!"

Trading in this market is particularly difficult, it adds. "Everyone is in the dark," Elliott notes. "Experience doesn't count for much, and extreme confidence may be fatal." Moreover, "the ultimate breakdown (or series of breakdowns) from this environment is likely to be surprising, sudden, intense, and large." ......

Non-Numbered Executive Order - More than what is seen. Does Obama no longer have the authority to create Executive Orders? Compare to Executive order 13303 if you have a copy.
This EO is from www.whitehouse.gov/ but the format is all wrong.
Come to your own conclusions.